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250,000 Jobs Cut In Private Sector In November: ADP Report

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Dec. 3, 2008   |  Aaron Smith, CNNMoney.Com Staff Writer   |   December 3, 2008 09:09 AM

Read More: Economy, Finance, Financial Crisis, Job Cuts, Layoffs, Recession, Business News

The U.S. economy shed a quarter-million private-sector jobs in November, according to a payroll processor's report that was worse than economists expected.

Non-farm private employment fell by 250,000 jobs from the previous month on a seasonally adjusted basis, according to the ADP National Employment Report.

The report was expected to show a decline of 200,000 jobs in November, according to a consensus of economist projections compiled by Briefing.com.

Read the whole story here.

The U.S. economy shed a quarter-million private-sector jobs in November, according to a payroll processor's report that was worse than economists expected. Non-farm private employment fell by 250,000...
The U.S. economy shed a quarter-million private-sector jobs in November, according to a payroll processor's report that was worse than economists expected. Non-farm private employment fell by 250,000...
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